The Value Of The Port And Shipping Listed Companies's Stock

In a health and mature stock market, the value is united with the price of the stock. Investor's investment behavior performance but non- is congenial for the value investment. But in an emerging and low efficiency stock market, the price is easy to be received by the operation. That the investor purchases the stock is for congenial, if the intrinsic value serious deviation, the investor is impossible through to obtain satisfaction take the value investment as the guidance investment behavior the income. Our country stock market still was at the initial stage, the price undulation is big, the market Central Africa rational ingredient quite was also big, therefore, only then reduced the stock market the non-rational factor to be able to direct China the stock market to develop to the health direction, by now the value investment idea gradual development and the utilization caused this goal the realization to be able to be possible.In order to improve the investor 's ability to the stock analysis, this paper explore the value of China's port and shipping listed companies by experience empirical research and wish to stimulate the relevant study.This thesis is composed of three parts. The first part introduce the study on the value investing and stock pricing theory, including different schools of thought ,present situation and future tendency ,their advantage and disadvantage . In the second part, the daily price date is collected from the 18listed companies since 1993 and computed by weighted average yearly pricing method. Then the financial rations are established based on the income statements and balance sheets ,the characteristic of each variables and relationships between them ,such as the proportion of marketable stock in the total equity , total market value ,net asset per share, Eps and P/E ration are studied .Through these indexes ,the characteristics of the stock of port and shipping listed companies are analyzed . The third part is the key part of this paper. By the base of research in P/E ration model and the technical, put forward a linear model to described the value of the stock of the port and shipping listed companies. Finally conclusions have beenmade which shall be of great help to the investors.